'
Nelcast hosted a
conference call on Oct 31, 2023. In the conference call, company was
represented by, Mr. P. Deepak -Chief Executive Officer & Managing Director
and Mr. S.K. Sivakumar- Chief Financial Officer.
Key takeaways
of the call
In
Q2 F24, growth was driven by increase in overall sale volumes to 22,953 Tonnes
compared to 22,090 Tonnes in Q2FY23. Increase was due to good performance in
Medium & Heavy Commercial Vehicle (M&HCV) and Export segments.
EBITDA
margin grew driven by increase in revenue contribution from exports and
normalization of raw material prices. Moreover, company has shifted its focus
to premium products, which are margin accretive.
In
H1FY24, the largest share was contributed by M&HCV making up 37% of the
total revenues, followed by Tractors 23%, Exports 34%, Railways 3%, Off-highway
equipment 2%, and Others 1%.
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